| Agenda Title: | Davidson East - Amendment to Settlement Agreement
Town Attorney Cindy Reid
Summary: The developer of Davidson East requested an amendment to a 2012 Settlement Agreement. The Settlement Agreement resulted from a lawsuit between the Town, Community One Bank and Communities of Davidson East, Inc. Since the 2012 Agreement, the property has had several different owners. After many months of negotiations, the developer agreed to 0% increase in residential units and to only build that which was approved in the master plan.In exchange, the developer has agreed to provide a very important connection between the Washam property and Davidson East. This connection will improve the disbursement of traffic and provide more mobility in the area.
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